Key regions: Canada, Europe, India, Australia, South Korea
The Eye Care (Pharmacies) market in Egypt is experiencing steady growth due to increasing customer preferences for convenient and accessible eye care products and services.
Customer preferences: Customers in Egypt are increasingly seeking out eye care products and services that are easily accessible and convenient. With the rise of online shopping and the expansion of e-commerce platforms, customers are now able to purchase eye care products from the comfort of their own homes. Additionally, the demand for prescription eyewear is also increasing, as customers are becoming more aware of the importance of regular eye check-ups and the need for corrective lenses. As a result, pharmacies in Egypt are expanding their eye care offerings to cater to these customer preferences.
Trends in the market: One of the key trends in the Eye Care (Pharmacies) market in Egypt is the growing popularity of online sales channels. Customers are increasingly turning to online platforms to purchase eye care products, as it offers them convenience and a wider range of options to choose from. This trend is driving pharmacies to establish their online presence and invest in e-commerce capabilities to meet the growing demand. Another trend in the market is the increasing focus on preventive eye care. Customers are now more proactive in taking care of their eye health and are seeking out products that can help prevent eye diseases and maintain good vision. This has led to a rise in the demand for products such as eye drops, vitamins, and supplements that promote eye health. Pharmacies in Egypt are responding to this trend by expanding their range of preventive eye care products and offering personalized advice and recommendations to customers.
Local special circumstances: Egypt has a large population with a high prevalence of certain eye conditions, such as cataracts and refractive errors. This creates a significant demand for eye care products and services. Additionally, the country has a growing middle class with increasing disposable income, which is driving the demand for higher quality eye care products and services.
Underlying macroeconomic factors: The Eye Care (Pharmacies) market in Egypt is also influenced by macroeconomic factors such as population growth, urbanization, and economic development. As the population grows and more people move to urban areas, the demand for eye care products and services is expected to increase. Furthermore, as the economy continues to develop and disposable incomes rise, customers are likely to allocate a larger portion of their budget towards eye care. In conclusion, the Eye Care (Pharmacies) market in Egypt is developing in response to customer preferences for convenient and accessible eye care products and services. The market is characterized by the growing popularity of online sales channels and the increasing focus on preventive eye care. Local special circumstances, such as a large population with a high prevalence of eye conditions and a growing middle class, further contribute to the growth of the market. Additionally, underlying macroeconomic factors such as population growth, urbanization, and economic development also play a role in shaping the market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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